Mexico weekly ledger., 1887-11-10

| DuCh.
The following is Q correct copy
ofthe contract:
ARTICLES OF AGREEMENT
BIZ and betueea The Merico Mining
and Manty. Co. Of the city Of Ner-
ico, county Of Audrain. and State
of No., party Of the frstpart, and
4. ". Wolf, Of Washington, Pa,
party of the second part
WITNESSETH-
The said party of the second part
for the consideration hereinafter
mentioned, does bind and obligate
himself, his heirs, executors, adj
ministrators and assigns to bore, or
drill into the ground, at any place
the Board of Directors of the said
party of the first part may desig-
nate, not more than four miles from
the said city of Mexico, a we'll or
hole in the ground of the depth of
three thousand feet, and of the
diameter Olive and one half inches
in the clear, if such can be made
its width, otherwise, it's diameter
shall be four and one quarter inches.
in the clear; provided, however,
said Board of Directors shall select
the place where said well or hole
shall be bored ofdug, at a distance
of not more than five hundred feet
from where a supply of sixty to
eighty barrels of water may be had
per day, during the prosecution of
the aforesaid work; and provided,
also, if, when the said hole or we'll
is fifteen hundred feet deep or less,
in the judgment of the said Board
of Directors ofthe said party of the
first part, oil OF gas shall be found
in paying quantities, it shall have
the right to discontinue said boring
or digging upon the payment to the
said party of the second part the
sum of four thousand five hundred
dollars, and upon the discovery OF
oil or gas the said Board of Direc-
tors shall have the right to suspend
| the aforesaid work and be allowed
ten days from said time within
| which to determine whether it has
been found in paying quantities;
and for all other suspensions of the
aforesaid work, either as above or
hereinafter mentioned, at the in
| stance of said Board of Directors,
the said Board at the first suspen-
sion shall be allowed five days
| within which to determine whether
the work shall be continued; after
which, for all suspensions in said
work caused by the party of the
first part, it shall pay to the said
party of the second part, all the
actual expenses incurred by him
during the existence ofsuch suspen-
sion.
The said Board of Directors may
also have such boring or digging
discontinued at any time after the
hole or well has been bored or dug
fifteen hundred feet deep, upon the
said party of the first part paying to
the said party ofthe second part the
sum of two dollars for each foot
bored, dug or drilled beyond or be-
low fifteen hundred feet. The said
hole or well is to be lined or cased
by the said party of the second part
with the best iron casing used in
wells or holes of this kind, of the
depth to which it may be dug or
bored, and to be amply sufficient
for future use, and keep out both
fresh and salt water as well also to
prevent said hole or well from cav
ing in.
The said A. w. Wolf also agrees
and binds himselfto keep or cause
to be kept a correct record of all the
different kinds of substances found
between the surface of the ground
and the depth of three thousand
feet, together with all the different
kinds of material passed through,
and furnish to the said Board OF
Directors, or any one of said body,
and to nc other body, person OF
persons, such information respect
ing the same, as the said Board O
Directors, or any one of said body
may from time to time to him ask
for; and if said Board of Directors
or any one of said body demand it,
such information shall be given un-
der oath.
The said party ofthe second part
also binds and obligates himself to
furnish at his own cost all ma
chinery, casing and drilling tools,
as well as all labor, fuel and what.
ever else may be necessary, to prop
erly perform the aforesaid work,
and complete the said we'll to a
depth of three thousand feet. Said
party of the second part also agrees
and binds himself to commence
said work at once and prosecute it
with due diligence to a completion
For the consideration herein ex-
pressed, to be performed by the
said party of the second part, the
said party of the first part does
hereby bind itself and its success
sors to pay said party of the second
part, on the conditions herein
stated in sum, as follows, to-wit:
First, the sum of five hundred
dollars as soon as the said party Of
the second part shall have, at the
place designated by the said Board
of Directors, all the machinery.
tools and apparatus necessary fol
the proper performance of the afore.
said work.
Second, the sum of one Thousand
dollars when the said well or hole
shall be bored or dug five hundred
feet deep.
Third. one thousand dollars wher
the said well or hole shall be on.
thousand feet deep.
Fourth, one thousand dollars
when it shall be fifteen hundree
feet deep.
Fifth, one thousandd dollars WheI